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Thursday, May 10, 2001, updated at 08:23(GMT+8)
Business  

Restructuring Plan of PT Zhengzhou Baiwen Hits Crag

PT Zhengzhou Baiwen's (SSE: 600898) restructuring plan was stalled as it failed to provide authorization papers to Shanghai Securities Central Registration and Clearing Co for the planned share change.

The registration and clearing company stated in a reply letter that Zhengzhou Baiwen did not hand in the authorization paper needed for a commission-based collective account transfer.

Zhengzhou Baiwen said it is discussing the provision of the paper and has filed another application to the latter for share change.



Source: Panorama



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PT Zhengzhou Baiwen's (SSE: 600898) restructuring plan was stalled as it failed to provide authorization papers to Shanghai Securities Central Registration and Clearing Co for the planned share change.

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